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Side-by-side financial comparison of Cloudflare, Inc. (NET) and Bristow Group Inc. (VTOL). Click either name above to swap in a different company.
Cloudflare, Inc. is the larger business by last-quarter revenue ($614.5M vs $377.3M, roughly 1.6× Bristow Group Inc.). Bristow Group Inc. runs the higher net margin — 4.9% vs -2.0%, a 6.8% gap on every dollar of revenue. On growth, Cloudflare, Inc. posted the faster year-over-year revenue change (33.6% vs 6.7%). Cloudflare, Inc. produced more free cash flow last quarter ($105.2M vs $47.8M). Over the past eight quarters, Cloudflare, Inc.'s revenue compounded faster (27.4% CAGR vs 5.8%).
Cloudflare, Inc. is an American technology company headquartered in San Francisco, California, that provides a range of internet services, including content delivery network (CDN) services, cloud cybersecurity, DDoS mitigation, and ICANN-accredited domain registration. The company's services act primarily as a reverse proxy between website visitors and a customer's hosting provider, improving performance and protecting against malicious traffic.
Bristow Helicopters Limited is a British civil helicopter operator originally based at Aberdeen Airport, Scotland, which is currently a part of the U.S.-based Bristow Group which in turn has its corporate headquarters in Houston, Texas, U.S. In 2020, Bristow Group was merged with Era Helicopters, a large U.S.-based commercial helicopter operator that was previously a division of Era Aviation, with the two companies then continuing to use the Bristow name.
NET vs VTOL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $614.5M | $377.3M |
| Net Profit | $-12.1M | $18.4M |
| Gross Margin | 73.6% | — |
| Operating Margin | -8.0% | 8.5% |
| Net Margin | -2.0% | 4.9% |
| Revenue YoY | 33.6% | 6.7% |
| Net Profit YoY | 6.0% | -42.1% |
| EPS (diluted) | $-0.03 | $0.61 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $614.5M | $377.3M | ||
| Q3 25 | $562.0M | $386.3M | ||
| Q2 25 | $512.3M | $376.4M | ||
| Q1 25 | $479.1M | $350.5M | ||
| Q4 24 | $459.9M | $353.5M | ||
| Q3 24 | $430.1M | $365.1M | ||
| Q2 24 | $401.0M | $359.7M | ||
| Q1 24 | $378.6M | $337.1M |
| Q4 25 | $-12.1M | $18.4M | ||
| Q3 25 | $-1.3M | $51.5M | ||
| Q2 25 | $-50.4M | $31.7M | ||
| Q1 25 | $-38.5M | $27.4M | ||
| Q4 24 | $-12.8M | $31.8M | ||
| Q3 24 | $-15.3M | $28.2M | ||
| Q2 24 | $-15.1M | $28.2M | ||
| Q1 24 | $-35.5M | $6.6M |
| Q4 25 | 73.6% | — | ||
| Q3 25 | 74.0% | — | ||
| Q2 25 | 74.9% | — | ||
| Q1 25 | 75.9% | — | ||
| Q4 24 | 76.4% | — | ||
| Q3 24 | 77.7% | — | ||
| Q2 24 | 77.8% | — | ||
| Q1 24 | 77.5% | — |
| Q4 25 | -8.0% | 8.5% | ||
| Q3 25 | -6.7% | 13.1% | ||
| Q2 25 | -13.1% | 11.3% | ||
| Q1 25 | -11.1% | 9.6% | ||
| Q4 24 | -7.5% | 9.0% | ||
| Q3 24 | -7.2% | 9.1% | ||
| Q2 24 | -8.7% | 12.4% | ||
| Q1 24 | -14.4% | 6.8% |
| Q4 25 | -2.0% | 4.9% | ||
| Q3 25 | -0.2% | 13.3% | ||
| Q2 25 | -9.8% | 8.4% | ||
| Q1 25 | -8.0% | 7.8% | ||
| Q4 24 | -2.8% | 9.0% | ||
| Q3 24 | -3.6% | 7.7% | ||
| Q2 24 | -3.8% | 7.8% | ||
| Q1 24 | -9.4% | 2.0% |
| Q4 25 | $-0.03 | $0.61 | ||
| Q3 25 | $0.00 | $1.72 | ||
| Q2 25 | $-0.15 | $1.07 | ||
| Q1 25 | $-0.11 | $0.92 | ||
| Q4 24 | $-0.05 | $1.07 | ||
| Q3 24 | $-0.04 | $0.95 | ||
| Q2 24 | $-0.04 | $0.96 | ||
| Q1 24 | $-0.10 | $0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $943.5M | $286.2M |
| Total DebtLower is stronger | — | $671.5M |
| Stockholders' EquityBook value | $1.5B | $1.1B |
| Total Assets | $6.0B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.63× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $943.5M | $286.2M | ||
| Q3 25 | $1.1B | $245.5M | ||
| Q2 25 | $1.5B | $251.8M | ||
| Q1 25 | $204.5M | $191.1M | ||
| Q4 24 | $147.7M | $247.5M | ||
| Q3 24 | $182.9M | $200.3M | ||
| Q2 24 | $157.0M | $178.6M | ||
| Q1 24 | $254.4M | $140.6M |
| Q4 25 | — | $671.5M | ||
| Q3 25 | — | $675.0M | ||
| Q2 25 | — | $705.2M | ||
| Q1 25 | — | $701.9M | ||
| Q4 24 | — | $689.8M | ||
| Q3 24 | — | $629.1M | ||
| Q2 24 | — | $594.2M | ||
| Q1 24 | — | $544.1M |
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.2B | $984.4M | ||
| Q1 25 | $1.4B | $931.7M | ||
| Q4 24 | $1.0B | $891.7M | ||
| Q3 24 | $973.1M | $899.2M | ||
| Q2 24 | $881.5M | $849.1M | ||
| Q1 24 | $797.2M | $820.7M |
| Q4 25 | $6.0B | $2.3B | ||
| Q3 25 | $5.8B | $2.3B | ||
| Q2 25 | $5.6B | $2.3B | ||
| Q1 25 | $3.7B | $2.2B | ||
| Q4 24 | $3.3B | $2.1B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $2.9B | $2.0B | ||
| Q1 24 | $2.8B | $1.9B |
| Q4 25 | — | 0.63× | ||
| Q3 25 | — | 0.65× | ||
| Q2 25 | — | 0.72× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.77× | ||
| Q3 24 | — | 0.70× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.66× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $190.4M | $76.9M |
| Free Cash FlowOCF − Capex | $105.2M | $47.8M |
| FCF MarginFCF / Revenue | 17.1% | 12.7% |
| Capex IntensityCapex / Revenue | 13.9% | 7.7% |
| Cash ConversionOCF / Net Profit | — | 4.17× |
| TTM Free Cash FlowTrailing 4 quarters | $287.5M | $56.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.4M | $76.9M | ||
| Q3 25 | $167.1M | $23.1M | ||
| Q2 25 | $99.8M | $99.0M | ||
| Q1 25 | $145.8M | $-603.0K | ||
| Q4 24 | $127.3M | $51.1M | ||
| Q3 24 | $104.7M | $66.0M | ||
| Q2 24 | $74.8M | $33.7M | ||
| Q1 24 | $73.6M | $26.7M |
| Q4 25 | $105.2M | $47.8M | ||
| Q3 25 | $82.5M | $-6.2M | ||
| Q2 25 | $39.9M | $67.4M | ||
| Q1 25 | $59.9M | $-52.7M | ||
| Q4 24 | $54.2M | $-32.4M | ||
| Q3 24 | $54.5M | $9.0M | ||
| Q2 24 | $45.2M | $-16.7M | ||
| Q1 24 | $41.5M | $-37.9M |
| Q4 25 | 17.1% | 12.7% | ||
| Q3 25 | 14.7% | -1.6% | ||
| Q2 25 | 7.8% | 17.9% | ||
| Q1 25 | 12.5% | -15.0% | ||
| Q4 24 | 11.8% | -9.2% | ||
| Q3 24 | 12.7% | 2.5% | ||
| Q2 24 | 11.3% | -4.6% | ||
| Q1 24 | 11.0% | -11.2% |
| Q4 25 | 13.9% | 7.7% | ||
| Q3 25 | 15.1% | 7.6% | ||
| Q2 25 | 11.7% | 8.4% | ||
| Q1 25 | 17.9% | 14.9% | ||
| Q4 24 | 15.9% | 23.6% | ||
| Q3 24 | 11.7% | 15.6% | ||
| Q2 24 | 7.4% | 14.0% | ||
| Q1 24 | 8.5% | 19.2% |
| Q4 25 | — | 4.17× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 3.12× | ||
| Q1 25 | — | -0.02× | ||
| Q4 24 | — | 1.61× | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 4.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NET
| Sales Channel Directly To Consumer | $438.5M | 71% |
| Sales Channel Through Intermediary | $176.0M | 29% |
VTOL
| Offshore Energy Services | $247.5M | 66% |
| Government Services | $100.1M | 27% |
| Other | $21.9M | 6% |
| Related Party | $7.8M | 2% |
